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Retail Property For Sale at 181 MILLEN ROAD in Hamilton, Ontario

New
4 Sale ID #241222
Updated 20 Jun 2024

Asking Price

$1,249,999

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

N/A

Premise Summary

Welcome to 181 Millen Rd, an exceptional live-work property nestled in the heart of Hamilton. This unique offering combines the convenience of a wellness clinic at the front with the comfort of a large 3+1 bedroom home at the back, offering a harmonious blend of work and live. The front of the building boasts a professionally equipped spa area, this space is ideal for holistic practitioners, massage therapists, or any wellness- focused entrepreneur seeking a turnkey establishment. With its serene ambiance and thoughtfully designed layout, it offers the perfect environment for your customers to rejuvenate both body and mind. Beyond the wellness spa lies a spacious and inviting residence, providing ample room for comfortable living. This well-appointed home features three plus one bedrooms, offering plenty of space for your family or those seeking an extra room for a home office. With its open-concept layout, modern amenities, and abundant natural light, this residence is a testament to both style and functionality. Convenience is key at 181 Millen Rd, which features a well lit paved parking lot capable of accommodating up to seven vehicles. Situated in a prime location within Hamilton, this property enjoys easy access to local amenities, parks, schools, and transportation routes. (id:39198)

  • MLS® : #X8359862
  • Date Listed : 21 May 2024

Location

Province

Ontario

City

Hamilton

Address

181 Millen Road

Postal Code

L8E2G4

Location Highlights

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Listed by

RE/MAX ESCARPMENT REALTY INC. Ontario listing

Category

retail-properties

Property Information

Premise Status

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With Accommodation

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Tenancy

N/A

Lot Size

N/A

Available Space

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Building Size

2,892

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$1,249,999

Asking Price

$1,249,999

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

2,892

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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